Middle East Tensions Cloud Retail Outlook as Department Stores Defy Slump

Rising tensions in the Middle East are casting a long shadow over the Korean retail sector's second-quarter prospects. As domestic consumption shrinks under economic pressure, most retailers are bracing for a difficult season ahead. However, department stores appear to be the sole exception, maintaining an optimistic outlook despite the broader market gloom. This divide highlights a growing polarization in the shopping industry as global risks continue to fluctuate.